Family Asset Management LLC Takes Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Family Asset Management LLC acquired a new position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,282 shares of the company’s stock, valued at approximately $667,000.

A number of other large investors have also recently bought and sold shares of FALN. Glass Jacobson Investment Advisors llc acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the third quarter worth about $27,000. SouthState Corp bought a new position in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter valued at approximately $30,000. First Horizon Advisors Inc. lifted its holdings in iShares Fallen Angels USD Bond ETF by 120.7% in the 4th quarter. First Horizon Advisors Inc. now owns 2,079 shares of the company’s stock worth $55,000 after purchasing an additional 1,137 shares during the last quarter. Private Trust Co. NA boosted its position in iShares Fallen Angels USD Bond ETF by 19.6% during the fourth quarter. Private Trust Co. NA now owns 3,290 shares of the company’s stock worth $87,000 after purchasing an additional 540 shares during the period. Finally, Consultiva Wealth Management CORP. bought a new stake in iShares Fallen Angels USD Bond ETF during the third quarter worth approximately $98,000.

iShares Fallen Angels USD Bond ETF Trading Up 0.2 %

Shares of NASDAQ:FALN traded up $0.05 during trading on Monday, reaching $26.47. The stock had a trading volume of 1,319,359 shares, compared to its average volume of 795,846. The stock has a fifty day simple moving average of $26.49 and a two-hundred day simple moving average of $26.16. iShares Fallen Angels USD Bond ETF has a 52 week low of $24.12 and a 52 week high of $26.92.

iShares Fallen Angels USD Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd will be paid a $0.133 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $1.60 dividend on an annualized basis and a yield of 6.03%.

iShares Fallen Angels USD Bond ETF Profile

The iShares Fallen Angels USD Bond ETF (FALN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value weighted index of bonds that were rated investment grade at issuance, but later downgraded to sub-investment grade. FALN was launched on Jun 14, 2016 and is managed by BlackRock.